Indian Crypto Exchange Halts Withdrawals After Losing Half Its Reserves in Security Breach

An anonymous reader shares a report: Indian crypto exchange WazirX on Thursday confirmed it had suffered a security breach after about $230 million in assets were "suspiciously transferred" out of the platform earlier in the day. The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform. Lookchain, a third-party blockchain explorer, reported that more than 200 cryptocurrencies, including 5.43 billion SHIB tokens, over 15,200 Ethereum tokens, 20.5 million Matic tokens, 640 billion Pepe tokens, 5.79 million USDT, and 135 million Gala tokens were "stolen" from the platform. WazirX reported holdings of about $500 million in its June proof-of-reserves disclosure.

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